GAMMA Investing LLC Has $134,000 Stock Position in Las Vegas Sands Corp. (NYSE:LVS)

GAMMA Investing LLC raised its holdings in shares of Las Vegas Sands Corp. (NYSE:LVS) by 206.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,605 shares of the casino operator’s stock after buying an additional 1,756 shares during the quarter. GAMMA Investing LLC’s holdings in Las Vegas Sands were worth $134,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Las Vegas Sands during the third quarter worth $26,000. CVA Family Office LLC grew its position in Las Vegas Sands by 118.8% in the 3rd quarter. CVA Family Office LLC now owns 560 shares of the casino operator’s stock worth $28,000 after purchasing an additional 304 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Las Vegas Sands during the 3rd quarter worth about $34,000. Capital Performance Advisors LLP acquired a new position in shares of Las Vegas Sands during the third quarter valued at about $43,000. Finally, Vestor Capital LLC bought a new stake in shares of Las Vegas Sands in the third quarter valued at about $43,000. 39.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LVS shares. Morgan Stanley boosted their price target on Las Vegas Sands from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Tuesday, October 22nd. Mizuho boosted their price objective on Las Vegas Sands from $52.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Stifel Nicolaus upped their target price on Las Vegas Sands from $55.00 to $64.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. lifted their price target on shares of Las Vegas Sands from $60.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, December 13th. Finally, Susquehanna boosted their price target on shares of Las Vegas Sands from $51.00 to $59.00 and gave the company a “positive” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.25.

Insider Buying and Selling at Las Vegas Sands

In other Las Vegas Sands news, CEO Robert G. Goldstein sold 24,324 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $52.00, for a total value of $1,264,848.00. Following the completion of the transaction, the chief executive officer now directly owns 60,187 shares of the company’s stock, valued at approximately $3,129,724. The trade was a 28.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert G. Goldstein sold 60,187 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.02, for a total transaction of $3,191,114.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 203,732 shares of company stock worth $10,861,707. 0.91% of the stock is currently owned by insiders.

Las Vegas Sands Stock Down 0.7 %

LVS opened at $49.13 on Friday. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 3.09, a quick ratio of 0.89 and a current ratio of 0.90. The firm’s 50-day simple moving average is $51.49 and its 200-day simple moving average is $46.52. Las Vegas Sands Corp. has a twelve month low of $36.62 and a twelve month high of $56.60.

Las Vegas Sands (NYSE:LVS) last issued its quarterly earnings data on Wednesday, October 23rd. The casino operator reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.09). Las Vegas Sands had a return on equity of 44.26% and a net margin of 13.29%. The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.79 billion. During the same period in the prior year, the company posted $0.55 earnings per share. Las Vegas Sands’s quarterly revenue was down 4.0% compared to the same quarter last year. Equities research analysts anticipate that Las Vegas Sands Corp. will post 2.33 EPS for the current fiscal year.

Las Vegas Sands Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 13th. Investors of record on Tuesday, November 5th were issued a dividend of $0.20 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.80 dividend on an annualized basis and a yield of 1.63%. Las Vegas Sands’s dividend payout ratio is 39.60%.

About Las Vegas Sands

Las Vegas Sands Corp., together with its subsidiaries, develops, owns, and operates integrated resorts in Macao and Singapore. It owns and operates The Venetian Macao Resort Hotel, the Londoner Macao, The Parisian Macao, The Plaza Macao and Four Seasons Hotel Macao, Cotai Strip, and the Sands Macao in Macao, the People’s Republic of China; and Marina Bay Sands in Singapore.